Alabama at a Glance
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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Employment Growth Rates
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Q2-09
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Q1-09
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Q2-08
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2008
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2007
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Total Nonfarm (share of trailing four quarter employment in parentheses)
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-4.7%
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-3.7%
|
0.0%
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-0.6%
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1.3%
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Manufacturing (14%)
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-12.0%
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-9.5%
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-3.0%
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-3.9%
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-2.2%
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Other (non-manufacturing) Goods-Producing (6%)
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-15.7%
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-12.5%
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-1.6%
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-3.3%
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2.2%
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Private Service-Producing (61%)
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-3.2%
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-2.7%
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0.3%
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-0.2%
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2.0%
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Government (20%)
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-0.5%
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0.1%
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2.2%
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1.7%
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1.8%
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Unemployment Rate (% of labor force)
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9.6%
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8.4%
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4.7%
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5.0%
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3.5%
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Other Indicators
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Q2-09
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Q1-09
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Q2-08
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2008
|
2007
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Single-Family Home Permits
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-32.4%
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-49.5%
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-35.1%
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-38.5%
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-21.9%
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Multifamily Building Permits
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25.9%
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-37.5%
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-12.8%
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-27.8%
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-21.3%
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Home Price Index
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0.1%
|
1.1%
|
2.7%
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2.6%
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5.2%
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Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
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7.25
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7.19
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5.84
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6.22
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5.09
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BANKING TRENDS
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General Information
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Q2-09
|
Q1-09
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Q2-08
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2008
|
2007
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|
Institutions (#)
|
156
|
156
|
160
|
157
|
160
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Total Assets (in millions)
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263,667
|
268,333
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267,065
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271,941
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248,598
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New Institutions (# < 3 years)
|
10
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11
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13
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12
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13
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Subchapter S Institutions
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47
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47
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42
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42
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39
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Asset Quality
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Q2-09
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Q1-09
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Q2-08
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2008
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2007
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Past-Due and Nonaccrual Loans / Total Loans (median %)
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4.01
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3.81
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2.50
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3.48
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2.48
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Noncurrent Loans / Total Loans (median %)
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1.76
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1.42
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0.87
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1.49
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0.87
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ALLL/Total Loans (median %)
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1.25
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1.27
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1.18
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1.25
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1.20
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ALLL/Noncurrent Loans (median multiple)
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0.70
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0.76
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1.13
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0.83
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1.22
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Net Loan Losses / Total Loans (median %)
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0.37
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0.30
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0.15
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0.29
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0.14
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Capital / Earnings
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Q2-09
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Q1-09
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Q2-08
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2008
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2007
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Tier 1 Leverage (median %)
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9.69
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9.91
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10.14
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9.89
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10.23
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Return on Assets (median %)
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0.19
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0.54
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0.80
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0.66
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0.95
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Pretax Return on Assets (median %)
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0.28
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0.73
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1.02
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0.80
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1.23
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Net Interest Margin (median %)
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3.55
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3.47
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3.65
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3.68
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3.92
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Yield on Earning Assets (median %)
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5.73
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5.74
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6.37
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6.30
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7.30
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Cost of Funding Earning Assets (median %)
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2.09
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2.23
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2.73
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2.72
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3.35
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Provisions to Avg. Assets (median %)
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0.36
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0.31
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0.26
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0.40
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0.17
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Noninterest Income to Avg. Assets (median %)
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0.58
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0.62
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0.70
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0.68
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0.68
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Overhead to Avg. Assets (median %)
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3.07
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2.84
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2.86
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2.91
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2.88
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Liquidity / Sensitivity
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Q2-09
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Q1-09
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Q2-08
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2008
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2007
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Net Loans to Assets (median %)
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65.6
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65.1
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64.9
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65.0
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63.4
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Noncore Funding to Assets (median %)
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30.3
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30.5
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29.5
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31.8
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28.4
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Long-term Assets to Assets (median %, call filers)
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21.0
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21.4
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21.1
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21.3
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18.6
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Brokered Deposits (number of institutions)
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84
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82
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65
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81
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61
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Brokered Deposits to Assets (median % for those above)
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6.1
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6.0
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4.2
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5.1
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4.1
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Loan Concentrations (median % of Total Risk-Based Capital)
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Q2-09
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Q1-09
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Q2-08
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2008
|
2007
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Commercial and Industrial
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66.0
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68.6
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72.3
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71.7
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75.8
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Commercial Real Estate
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260.3
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260.1
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251.2
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266.8
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228.1
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Construction & Development
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80.8
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76.5
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68.2
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67.9
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58.6
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Multifamily Residential Real Estate
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7.0
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6.6
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5.3
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6.3
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4.4
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Nonresidential Real Estate
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159.3
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151.4
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129.6
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146.5
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131.5
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Residential Real Estate
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170.2
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166.7
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158.4
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166.8
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157.7
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Consumer
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39.5
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37.1
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41.4
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39.4
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45.7
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Agriculture
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18.5
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16.4
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13.7
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14.5
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12.0
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BANKING PROFILE
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